![]() additional rate for Dhanvruddhi Deposits. Senior Citizens will get an additional interest rate of 0.25% p.a for Samruddhi Deposits and 0.10% p.a.Mahindra Finance offers a variety of fixed deposit schemes with the highest safety ratings. Opt for a long-term FD with a high-interest rate to ensure that you have sufficient funds to cover your child’s tuition fees and other expenses.įixed deposits are a safe and reliable investment instrument that can be employed to achieve numerous financial goals. CHILD’S EDUCATION: FDs can be a smart way to save for your child’s education.Having a fixed deposit with returns that do not depend on market volatility ensures safety during challenging times. EMERGENCY FUND: FDs can also be used to create an emergency fund, which can be used to cover unexpected expenses such as medical bills or job loss. ![]() You can periodically invest your surplus funds and savings in FDs to build a corpus for your retirement years
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